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Warren Buffett has donated about $2.84bn of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaireâs plan to give away nearly all of his wealth.
Best Answer: The U.S. Federal Government has no such thing as a gift tax on the recipient. Bill Gates can give you $1,000,000 and you would owe the IRS nothing! There is a gift tax on the giver, but not the recipient.The giver has to file a gift tax return (709) anytime they give someone more than $11,000. Simply having to file the return doesn't mean they owe tax. They would have to give away over $1,000,000 before they would owe tax.est Answer: The U.S. Federal Government has no such thing as a gift tax on the recipient. Bill Gates can give you $1,000,000 and you would owe the IRS nothing! There is a gift tax on the giver, but not the recipient.